The (NZDUSD) price extended its gains on its last intraday levels, in attempt to correct the main bearish trend on the short-term basis amid its trading alongside trendline, to retest the critical resistance level at 0.5800, accompanied by hitting the resistance of its EMA50, reinforcing the chances of hitting the resistance of its EMA50, reinforcing the chances of fading the positive momentum, with the relative strength indicators reaching overbought levels, exaggeratedly compared to the price move.
Origin: Economies
